Three companies developing liquefied natural gas (LNG) projects in Texas and Louisiana said they will move full speed ahead with their plans after U.S. President Donald Trump lifted the previous administration's freeze on export permits.

Liquefied natural gas shipping costs are plummeting as the market grapples with a glut of vessels, a development that could provide relief for gas importers and help pad profits for traders.

One of the president’s executive orders offers a new path for getting a gas development across the finish line.

Brokers are quoting levels for 174,000-cbm vessels lifting cargoes out of the US to Europe at $9,000 per day on a round trip voyage basis — a record low for modern vessels of this type. This is down from an already weak $22,000 per day seen at the start of this year. A Vitol relet is being reported as fixed to Petronas UK at around $9,000 per day.

"Portugal to increase LNG purchases from US, Nigeria, reduce Russian imports" was originally created and published by Offshore Technology, a GlobalData owned brand.

Within hours of returning to the country’s highest office Monday, President Donald Trump formalized his support for the $44 billion Alaska LNG Project.

TotalEnergies has further delayed its troubled $20bn liquefied natural gas project in Mozambique as security concerns and political uncertainty dog one of Africa’s biggest energy investments.

Venture Global LNG has raised $1.75 billion after pricing its U.S. initial public offering within range, the second-largest exporter of liquefied natural gas in the United States said on Thursday. The company priced its offering of 70 million shares at $25 each,

LISBON (Reuters) - Portugal plans to increase purchases of liquefied natural gas (LNG) from the United States and Nigeria as it aims to end already dwindling supplies from Russia, Environment Minister Maria da Graca Carvalho said on Tuesday.

The United States is now supplying liquefied natural gas to Ukraine, a move implemented in the final days of the Biden Administration.

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